Over the Underwriting Hurdle

Tyler and I heard today that underwriting had approved our renovation loan. So, that's one hurdle cleared. Now we just have to work with the appraiser and hope that the appraisal comes back high enough to cover the costs of the loan. Since the insurance agent calculated the replacement cost of just our home after renovation at almost $125,000 over what the previous appraiser said the entire property was worth, we're not as worried about this hurdle. But, we're still not letting our breathe out just yet.

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this post.
Comments
  • No comments exist for this post.
Leave a comment

Submitted comments are subject to moderation before being displayed.

 Enter the above security code (required)

 Name (required)

 Email (will not be published) (required)

 Website

Your comment is 0 characters limited to 3000 characters.